Critical Illness
Medical advances have dramatically improved the survival rates of people who suffer critical illnesses and other injuries. Recovery may come with a significant financial cost that impacts both you and the people close to you. Life insurance is important, but it doesn’t provide benefits if you survive a critical illness. Critical illness insurance offers the financial help to pay the costs associated with life-altering illnesses. If you become sick with an illness covered by your policy and survive the waiting period, you’ll receive a lump-sum cash payment. And, unlike reimbursed health insurance benefits, you decide how to spend the money.
The right insurance coverage can make the difference between struggling with expenses and putting your life together in the best way. Our tax-free, lump sum cash benefit gives your finances time to recover so you can focus on recuperating and the cash benefit you receive can be used to help find the best medical treatments, replace lost income or cover expenses any way you choose.
You will have, at no extra cost, access to the services provided by the internationally renowned Best Doctors®, upon diagnosis of one of the covered conditions in your Critical Illness Policy/Rider. Best Doctors® is the world's leader in connecting people with the best medical care. Using its renowned database of over 50,000 doctors, recognized as the best by top specialists. Best Doctors® provides immediate access to the best medical knowledge and peace of mind to millions of people around the world.
| Level of Protection: | From $10,000 up to $75,000 |
| Covered Critical Illnesses: | Cancer, Heart Attack, Stroke, Kidney Failure, Major Organ Transplant |
| Coronary Artery Bypass Surgery: | One-time 25% benefit |
| Benefit Reduction: | Benefits reduced by 50% at age 65 |
| Guaranteed Renewable | Up to 85 |
Premier Cancer Plan
According to the Canadian Cancer Society, Cancer is the leading cause of death in Canada and is responsible for 30% of all deaths. It is estimated that in 2020: 115,800 Canadian men will be diagnosed with cancer and 44,100 men will die from cancer. 110,000 Canadian women will be diagnosed with cancer and 39,300 women will die from cancer.
Cancer is so prevalent in our lives and we all hope to never receive the news of a diagnosis; unfortunately, we can only influence our likelihood by eating right, exercising, and making healthy choices and, even then, a diagnosis can happen. We can't take the feeling of fear, anger and sadness away when this happens, but we can provide for you financially so that you can seek the medical care you need, take the time to come to terms with the diagnosis, spend time with family and friends and not worry about how your bills will be paid while dealing with this devastating news.
| Level of Protection: | From $10,000 to $50,000 |
| Payout Type: | Lump sum directly to you |
| Guaranteed Renewal: | Yes |
| Family Rates (children 18 & under): | Benefits offered of either $5000 or $10000 |